city of fort worth, texas fiscal year 2024-2025 annual budget
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The City of Fort Worth's Fiscal Year 2024-2025 Annual Budget proposes raising property tax revenue by $16,918,339 (a 2.31 percent increase) with a recommended tax rate of $0.6773 per $100 of assessed valuation, compared to the current FY2024 rate of $0.6725. The budget includes $26,172,914 in revenue from new property additions to the tax roll. This comprehensive budget document contains organizational information, executive messaging, and budget processes and policies to address the city's fiscal planning and strategic vision.
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The City of Fort Worth adopted its Fiscal Year 2024-2025 Annual Budget, which increases property tax revenue by $11,601,369 (1.58 percent) compared to the previous year, with an additional $25,987,428 expected from newly added properties. The City Council unanimously approved the budget with all 11 members voting in favor. The municipal property tax rate remains unchanged at $0.672500, while the total outstanding municipal debt obligations secured by property taxes stands at $1,335,366,771.
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